AUTHOR=Ali Shuaib , Zhongxin Wu , Ali Zahid , Fei Guo , Chowdhury Muhammad Abir Shahid TITLE=Does institutional quality moderate the relationship between corporate governance and stock liquidity? Evidence from the emerging market of Pakistan JOURNAL=Frontiers in Psychology VOLUME=13 YEAR=2022 URL=https://www.frontiersin.org/journals/psychology/articles/10.3389/fpsyg.2022.912796 DOI=10.3389/fpsyg.2022.912796 ISSN=1664-1078 ABSTRACT=
The main aim of this study was to empirically analyze whether Institutional Quality moderates the relationship between corporate governance and stock liquidity through the light of agency and information asymmetry theory. To the best of our knowledge, this is the first finance study. The sample consists of 230 non-financial firms listed on the Pakistan stock exchange during the period of 2009–2019. We used an instrumental variable approach and our new Institutional Quality index composed of world governance indicators and a corporate governance index, developed